Copper plates on wagons ready for onward shipping at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, May 6, 2022.Bloomberg | Bloomberg | Getty ImagesSoaring copper prices show no signs of slowing down, analysts say, with the red metal's...
Taiwan Semiconductor Manufacturing Co’s quarterly revenue grew at its fastest pace in more than a year, shoring up expectations that a global boom in artificial intelligence (AI) development is fuelling demand for high-end chips and servers.The main chip maker to Nvidia and Apple reported a...
Nvidia founder and CEO Jensen Huang displays products onstage during the annual Nvidia GTC Conference at the SAP Center in San Jose, California, on March 18, 2024.Josh Edelson | Afp | Getty ImagesChipmaking giant Nvidia has entered "correction territory," with its shares now down 10%...
China has designated areas where limits on foreign investment for select telecommunications services will be lifted, with the cities of Beijing, Shanghai, Shenzhen and the island province of Hainan acting as testing grounds for an oft-cited goal to open the bedrock industry to overseas capital.These...
HSBC plans to host another global investment summit within the first four months of 2025 in the city, after this year’s sell-out inaugural conference drew 3,500 attendees, an overwhelming success that CEO Noel Quinn said was proof that “Hong Kong is back”.The bank hosted more...
Thomas Kokta | Photographer's Choice Rf | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Wealthy U.S. families are increasingly applying...
China last year bred an average of one new unicorn each week amid frenzied growth in the country’s artificial intelligence (AI) sector, bucking a declining trend in global venture capital investments, according to a new research report.The nation added 56 unicorns – start-ups valued at...
An anti-subsidies investigation into Chinese wind turbine manufacturers by the European Union (EU) could saddle the bloc’s renewable project developers with high costs and slow down their decarbonisation efforts, while the impact on Chinese firms could be limited, analysts said.“Since the basis of the complaint...
German businesses in China have reiterated their calls for a level playing field, with two-thirds of those surveyed seeing themselves in “unfair competition” when operating there – findings which add to pressures on Beijing from foreign investors over persistent struggles related to market access and...
ByteDance’s profit surged roughly 60 per cent in 2023, outpacing the growth of online peers Tencent Holdings and Alibaba Group Holding, in a sign of the TikTok owner’s resilience in the face of an economic downturn.Earnings before interest, tax, depreciation and amortisation jumped to more...